What are the 5 major tasks of the Feds?

The Federal Reserve (the Fed) has five major tasks: conducting monetary policy to manage inflation and promote maximum employment, supervising and regulating banks to ensure the safety and soundness of the financial system, maintaining financial system stability to prevent crises, providing financial services to depository institutions and the federal government, and facilitating the functioning of the payment systems. These responsibilities help to ensure a stable economy and a reliable banking infrastructure.